China Universal Asset Management Co. Ltd. lifted its stake in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL – Free Report) by 10,000.0% during the fourth quarter, Holdings Channel reports. The fund owned 101,000 shares of the company’s stock after acquiring an additional 100,000 shares during the quarter. China Universal Asset Management Co. Ltd.’s holdings in abrdn Physical Gold Shares ETF were worth $2,530,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SGOL. Sunbelt Securities Inc. acquired a new stake in shares of abrdn Physical Gold Shares ETF in the second quarter worth $26,000. Exchange Traded Concepts LLC bought a new stake in shares of abrdn Physical Gold Shares ETF in the third quarter valued at about $47,000. FMR LLC grew its position in abrdn Physical Gold Shares ETF by 18.1% during the third quarter. FMR LLC now owns 4,250 shares of the company’s stock worth $107,000 after buying an additional 652 shares in the last quarter. Allworth Financial LP grew its position in abrdn Physical Gold Shares ETF by 33.3% during the third quarter. Allworth Financial LP now owns 7,418 shares of the company’s stock worth $186,000 after buying an additional 1,853 shares in the last quarter. Finally, SeaCrest Wealth Management LLC acquired a new position in abrdn Physical Gold Shares ETF in the 3rd quarter valued at approximately $202,000.
abrdn Physical Gold Shares ETF Stock Performance
Shares of NYSEARCA SGOL opened at $26.74 on Friday. abrdn Physical Gold Shares ETF has a one year low of $18.97 and a one year high of $26.88. The business has a fifty day simple moving average of $25.48 and a 200 day simple moving average of $24.87.
abrdn Physical Gold Shares ETF Profile
The abrdn Physical Gold Shares ETF (SGOL) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund seeks to track the spot price for gold, less trust expenses holding costs, holding physical gold bars. SGOL was launched on Sep 9, 2009 and is managed by Abrdn.
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